Leading brokers name 3 ASX shares to buy today

With so many quality shares to choose from on the Australian share market, it can be hard to decide which ones to buy. The good news is that brokers across the country have been crunching the number in order to make your life easier. Three shares that they think investors ought to be buying right now are listed below. Here’s why they are bullish on them: Amcor Limited (ASX: AMC) According to a note out of Deutsche Bank, its analysts have retained their buy rating and $16.65 price target on Amcor’s shares. Deutsche has noted an improved outlook for the…

You can continue reading this story now by entering your email below

You’ll also get all our free premium research including:

What’s next for bank shares, including which one to buy, and crucially, which ones to avoid.

How to cash in on some of the hottest stocks on the ASX.

Some of the best fully franked dividend shares to buy now.

Cheap and good small-cap stocks that are flying under the radar of the professionals.

According to a note out of DeutscheBank, its analysts have retained their buy rating and $16.65 price target on Amcor’s shares. Deutsche has noted an improved outlook for the paper and packaging sector with stable demand and improving input costs. Although there are a number of options in the packaging industry, the broker believes that Amcor is the best way to gain exposure to it. If trading conditions are improving then I feel Amcor could be worth a look. However, I’d prefer to wait to see an improvement in its performance before picking up shares.

A note out of Morgans reveals that it has an add rating and $8.15 price target on this data centre operator’s shares. The broker has also named NEXTDC as a tactical buy option due to the oversold nature of its shares and the likelihood of a share price rise in the short term. While I do agree that NEXTDC’s shares have been oversold, I wouldn’t buy its shares purely for a short term trade. I would, however, buy them with a long term view as I believe it is a great way to gain exposure to the fast-growing cloud computing market.

oOh!Media Ltd (ASX: OML)

Analysts at Credit Suisse have resumed coverage on this outdoor advertising company with an outperform rating and $5.80 price target. Credit Suisse appears to believe that the strength of the industry this year will carry over into FY 2019, putting the company in a position to continue its solid top line growth. In addition to this, although the broker doesn’t expect full cost synergies from the Adshel acquisition to be realised for a couple of year, when they are realised it expects a significant lift in earnings. I agree with Credit Suisse and think oOh!Media’s shares would be worth considering at this level.

Finally, here's another buy-rated share that I think investors ought to consider this week.

Scott Phillips has stumbled upon a little-owned stock he believes could be one of the greatest discoveries of his 25 years as a professional investor.

This is your chance to get in early on of what could prove to be a very special investment recommendation. Think about how many investing trends you've missed out on, even though you knew they were going to be big. Don't let that happen again. This is your chance to get in early.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia has recommended oOh!Media Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Free report names the 3 dividend shares The Motley Fool's crack team think you should buy now for 2019 and beyond.

Sign up now for instant access to your copy of this free report.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe at anytime. Please refer to our Financial Services Guide (FSG) for more information.